#GALAUSDT is currently trading within a #descendingchannel , but it’s nearing a key demand zone that could ignite a significant move. We’re eyeing a potential bullish breakout from this #Pattern .

GALAUSDT has been sticking to a descending resistance line, but the price is inching closer to a crucial demand level at $0.01250–$0.01500. This zone could be a game-changer. If the price taps into this level and gains momentum, a bullish breakout could be on the horizon.

A break above the #Descending resistance could propel $GALA toward the major supply area at $0.035. This is a critical zone—if we see a successful breach, expect a strong bullish move targeting the next resistance zone.
#DOGSONBINANCE

#TON
ALICEUSDT is flashing strong signs of a bullish continuation from a critical support zone, which was once a descending resistance. We’ve been tracking $ALICE ’s movements within a #descendingchannel , and recently, it broke above this pattern, retested the upper channel, and is now showing resilience at this crucial support level.

If #Aliceusdt holds the line at $0.990, we could witness a substantial bullish rally, similar to what we’ve seen in past market trends.

A breakout above $1.090 could pave the way for a move toward higher resistance zones, potentially triggering a significant price surge.
#DOGSONBINANCE #TelegramCEO

$BTC direction

If BTC can break through this #descendingchannel then $100K could be the next target and we might see the market in general going bullish.

BTC may decide to retest the lower channel though and if it does, we might see some correction in the coming days.

If the channel fails, $50K and $40K may be areas to consider re-entry/DCA.

I'm putting some of my money on a bullish move:

Trading short term on a longer term move.

Solana (SOL) #summary 🚀 :

Solana ($SOL ) is showing strong recovery, currently trading within a #descendingchannel , indicating a potential bullish setup soon. 📈 A breakout could push the price towards key resistance levels at $170, $188, $210, and $250. 🎯

Technical indicators, like increased DeFi #tradingvolume , support this bullish trend, but a drop in daily user activity raises concerns about the sustainability of this momentum. ⚠️ It's crucial to monitor these levels and factors closely in the coming days.
#BinanceLaunchpoolHMSTR #BTCPredictedNewATH

ETH/USDT Poised for a Potential Breakout from Descending Channel

#ETHUSDT #ETHUSDT.P #descendingchannel #Write2Earn! #BinanceSquareFamily

Ethereum (ETH) is currently trading within a **descending channel** on the 1-hour chart and is adhering closely to its boundaries. Recently, ETH bounced off the lower limit of the channel, finding support at **2452 USDT**, suggesting that a reversal might be on the horizon.

The **RSI (Relative Strength Index)** is showing signs of a downtrend, but it’s approaching a breakout, which could fuel an upward movement. Additionally, ETH appears to be stabilizing above the **100-period moving average**, providing more support for a potential bullish shift.

Key levels to watch include :
- Entry price : 2525 USDT
- First target : 2613 USDT
- Second target : 2686 USDT
- Third target : 2771 USDT

These targets represent key resistance points that ETH might hit as it continues to rise.

Conclusion and Advice :
ETH shows signs of upward momentum with the RSI indicating a possible breakout. Traders looking to enter could consider doing so at **2525 USDT**, keeping an eye on the potential targets. However, caution is advised as the price could still react to broader market conditions.

As always, conduct your own research and manage risk carefully when trading in volatile markets!

Analyzing the Descending Channel for Alikze's Dogs

#dogs #descendingchannel #Tecnicalanalaysis #Write2Earn! #BinanceSquareFamily

In the latest **technical analysis** of Alikze's Dogs, we observe the price movement within a **descending channel** on the **4-hour timeframe**. Currently, the asset is positioned in the middle of the channel, where there's a notable **demand** that could propel the price upward toward the channel's ceiling.

If the price successfully reaches the **upper boundary**, a correction might occur. A soft landing in the **green box range** would create the potential for growth as demand re-emerges. This scenario suggests that the price could target higher levels, contingent on sustaining buying interest.

However, there's an **alternative scenario** to consider. If the asset encounters significant **selling pressure** at the ceiling of the channel, it could disrupt the middle range's support.

Should this happen, the price might breach the **green box**, leading to further declines toward the lower boundary of the channel, specifically into the **second green box range**.

Conclusion & Advice :
Traders should remain vigilant and watch for price reactions at critical levels within the descending channel. A disciplined approach to entry and exit points, alongside monitoring market sentiment, will be crucial in navigating potential fluctuations. Keeping an eye on selling pressure will help mitigate risks, ensuring informed trading decisions in this dynamic market.